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- Sparebanken Sør: Contemplating Issuance of Tier 2 Bonds and Buy-back
Sparebanken Sør: Contemplating issuance of Tier 2 bonds and buy-back
14 Feb 2023 11:45 CET
Issuer
Sparebanken Sør
Sparebanken Sør (Issuer rating A1/ Positive by Moody’s) has mandated Danske Bank
and DNB Markets as Joint Lead Managers for a potential issuance of one or more
Tier 2 bond issues of a combined volume of minimum NOK 250 million.
The Tier 2 bonds will have a floating and/or fixed rate coupon and a first call
option for the issuer minimum 5 years after the issue date, subject to an
approval from the Financial Supervisory Authority of Norway, if required.
In conjunction with the new issue, the bank will consider buy-back, in whole or
parts, of the outstanding Tier 2 bond issue with ticker SOR51 PRO and ISIN
NO0010825094.
The timing of the potential transactions is subject to market conditions. The
bank’s Board of Trustees has approved the potential bond issue.
Contacts, Sparebanken Sør:
Bjørn Erik Kittelsen, +47 909 28 663
Geir-Are Kårvik, +47 934 96 044
More information:
Access the news on Oslo Bors NewsWeb site
Source
Sparebanken Sør
Provider
Oslo Børs Newspoint
Company Name
SPAREBANKEN SØR, Spb Sør 15/25 2,685%, Spb Sør 15/25 3,30%, Spb Sør 16/PERP ADJ C HYBRID, Spb Sør 17/23 2,02%, Spb Sør 18/28 FRN C SUB, Spb Sør 18/24 2,46%, Spb Sør 19/PERP FRN C HYBRID, Spb Sør 19/29 FRN C SUB, SPB Sør 19/23 FRN, Spb Sør 19/24 2,44%, Spb Sør 20/26 FRN C, Spb Sør 20/30 FRN C SUB, Spb Sor 21/27 FRN C, Spb Sor 21/PERP FRN C HYBRID, Spb Sor 21/25 1.80 pct, Spb Sor 22/27 2.885pct, Spb Sor 22/27 FRN, Spb Sor 22/27 4.15pct, Spb Sor 22/PERP FRN C HYBRID, Spb Sor 22/26 FRN, Spb Sor 22/26 4.54pct, Spb Sor 22/32 ADJ C SUB, Spb Sor 22/28 FRN
ISIN
NO0006001502, NO0010735418, NO0010754849, NO0010768229, NO0010805385, NO0010825094, NO0010830631, NO0010832157, NO0010837313, NO0010867658, NO0010871247, NO0010872344, NO0010872351, NO0010886781, NO0010887177, NO0010920788, NO0010936784, NO0011099764, NO0011147647, NO0012446493, NO0012446485, NO0012548926, NO0012548918, NO0012626946, NO0012703448, NO0012703455, NO0012721804, NO0012780909, NO0012780917
Symbol
SOR
Market
Oslo Børs Nordic Alternative Bond Market